'1929 Again...': Trump Warns Of Great Depression If US Courts Rule Against Tariffs

Last Updated:August 08, 2025, 20:53 IST

Trump said billions of dollars are coming into the US coffers and warned of a '1929-style Great Depression' if the court rules against tariffs

The US President said there is no way America could recover from such a judicial tragedy. (Image: Reuters/File)

US President Donald Trump on Friday defended his move to impose tariffs, saying they have a huge positive impact on the stock market.

Trump said billions of dollars are coming into the US coffers and warned of a ‘1929-style Great Depression’ if the court rules against tariffs.

“If a Radical Left Court ruled against us at this late date, in an attempt to bring down or disturb the largest amount of money, wealth creation and influence the U.S.A. has ever seen, it would be impossible to ever recover, or pay back, these massive sums of money and honor. It would be 1929 all over again, a GREAT DEPRESSION!  If they were going to rule against the wealth, strength, and power of America, they should have done so LONG AGO, at the beginning of the case, where our entire Country, while never having a chance at this kind of GREATNESS again, would not have been put in 1929 style jeopardy," he wrote on Truth Social.

The US President said there is no way America could recover from such a judicial tragedy. “But I know our Court System better than anyone, there is no one in history that has gone through the trials, tribulations and uncertainties such as I, and absolutely terrible, but also amazingly beautiful, things can happen," he added.

Washington D.C., United States of America (USA)

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